American Express (NYSE: AXP) is expected to post earnings of $ 1.77 per share
Brokerages expect American Express (NYSE: AXP) to report earnings of $ 1.77 per share for the current quarter, Zacks reports. Seven analysts made estimates for American Express earnings, with the highest EPS estimate at $ 2.23 and the lowest estimate at $ 1.40. American Express reported earnings of $ 1.30 per share for the same quarter last year, which would indicate a positive growth rate of 36.2% year-over-year. The company is expected to publish its next quarterly results before the market opens on Friday, October 22.
On average, analysts predict that American Express will report annual earnings of $ 8.82 per share for the current year, with EPS estimates ranging from $ 8.22 to $ 9.42. For next year, analysts predict the company will post earnings of $ 9.43 per share, with EPS estimates ranging from $ 8.90 to $ 10.62. Zacks’ EPS averages are an average based on a survey of research analysts who cover American Express.
American Express (NYSE: AXP) last released its quarterly earnings data on Thursday, July 22. The payment services company reported earnings per share (EPS) of $ 2.80 for the quarter, beating the Zacks’ consensus estimate of $ 1.64 by $ 1.16. American Express had a return on equity of 26.15% and a net margin of 18.72%. The company posted revenue of $ 10.24 billion in the quarter, compared to analysts’ expectations of $ 9.59 billion. During the same period last year, the company posted earnings per share of $ 0.29. The company’s revenue grew 33.5% year-over-year.
Several analysts recently weighed on AXP shares. Deutsche Bank Aktiengesellschaft raised its price target on American Express from $ 185.00 to $ 190.00 and gave the stock a “buy” rating in a report released on Monday, July 26. Goldman Sachs Group Upgraded American Express from a ‘Neutral’ to a ‘Buy’ Rating and Raised its Share Price Target from $ 185.00 to $ 225 in a Report on Tuesday, July 6 . BMO Capital Markets raised its price target on American Express from $ 135 to $ 151.00 and assigned the stock a “market performance” rating in a report released on Monday, July 26. They noted that the move was an appraisal call. began coverage on American Express in a report on Friday, July 9. They set a “conservation” rating and a price target of $ 183.00 for the company. Finally, Morgan Stanley lowered its price target on American Express from $ 200.00 to $ 195.00 and set an “overweight” rating for the company in a report released on Thursday, September 16. Two research analysts rated the stock with a sell rating, fourteen assigned a conservation rating, and seven gave the company a buy rating. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus target price of $ 167.72.
Meanwhile, CFO Jeffrey C. Campbell sold 74,677 shares of the company in a transaction dated Monday, August 2. The stock was sold for an average price of $ 170.48, for a total value of $ 12,730,934.96. The sale was disclosed in a file with the SEC, accessible through this link. In addition, insider Marc D. Gordon sold 13,424 shares of the company in a trade that took place on Friday, September 10. The stock was sold for an average price of $ 159.24, for a total value of $ 2,137,637.76. Disclosure of this sale can be found here. 0.20% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently changed their holdings in the company. Cowen Prime Advisors LLC purchased a new position in American Express shares in the second quarter valued at approximately $ 33,000. Newbridge Financial Services Group Inc. increased its holdings in American Express by 99.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 201 shares of the payment services company valued at $ 33,000 after purchasing an additional 100 shares during the period. Burleson & Company LLC purchased a new position in American Express during the first quarter valued at $ 37,000. Baldrige Asset Management LLC purchased a new position in American Express during the second quarter valued at $ 39,000. Finally, Hillsdale Investment Management Inc. purchased a new position in American Express during the second quarter valued at $ 50,000. 84.62% of the shares are held by hedge funds and other institutional investors.
AXP shares traded up $ 0.86 on Friday at midday, reaching $ 175.15. The company’s shares had a trading volume of 2,374,705 shares, compared to its average volume of 3,509,644. American Express has a one-year low at $ 89.11 and a one-year high at 179 , $ 67. The stock has a market cap of $ 139.14 billion, a P / E ratio of 20.37, a PEG ratio of 0.90 and a beta of 1.28. The company has a 50-day simple moving average of $ 166.41 and a two-hundred-day simple moving average of $ 161.51. The company has a current ratio of 1.58, a quick ratio of 1.58, and a debt ratio of 1.46.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 10. Shareholders of record on Friday October 8 will receive a dividend of $ 0.43 per share. This represents an annualized dividend of $ 1.72 and a return of 0.98%. The ex-dividend date is Thursday, October 7. American Express’s payout ratio is currently 32.21%.
About American Express
American Express Co is engaged in the provision of payment and credit card products and travel related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services and Corporate and Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally.
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